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How much do you budget monthly for housing?
How much do you budget monthly for housing?
+26
votes
asked
May 20, 2020
by
mesotron
(
12.4k
points)
How much do you budget monthly for housing?
budget
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24
Answers
+4
votes
answered
May 20, 2020
by
katerinekates
(
11.5k
points)
Best answer
As mentioned above, there are lots of ways to answer this question. I figured it just using my mortgage and omitting utility figures. The money we spend on our monthly mortgage represents 20. 5% of our net income (what we actually take home from our paychecks).
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+4
votes
answered
May 20, 2020
by
katerinekates
(
11.5k
points)
This is so situational. It would probably be easiest to compare if people post their number as a percentage of their monthly income
commented
May 20, 2020
by
mesotron
(
12.4k
points)
@
katerinekates
updated! Thanks for noting the suggestion!
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0
votes
answered
May 20, 2020
by
yaws1
(
650
points)
I’m not sure I understand the question. Are you just asking how much my mortgage is? Plus utilities? For utilities, my budget shows the highest bill we’ve had for each utility then I save the difference.
commented
May 20, 2020
by
katerinekates
(
11.5k
points)
It's definitely a question that is open to a lot of interpretation
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+4
votes
answered
May 20, 2020
by
egan2
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3.8k
points)
My rent is 30% of my net monthly income.
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+3
votes
answered
May 20, 2020
by
fitted339
(
7.9k
points)
Morgage is about 11% of monthly income but it was more like 20% when we took it out initially
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+2
votes
answered
May 20, 2020
by
vaccinate417
(
2.7k
points)
Mortgage is 28% of our net income
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+13
votes
answered
May 20, 2020
by
palladino
(
3.3k
points)
1200, utilities and all.
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+1
vote
answered
May 20, 2020
by
marriott
(
990
points)
Mortgage is 24% of net income for us in a high cost of living city.
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+10
votes
answered
May 20, 2020
by
risley
(
4.7k
points)
1, 900. My mortgage payment is 27% of net monthly income
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+17
votes
answered
May 20, 2020
by
justus
(
1.5k
points)
Ours is 40% of monthly net income including utilities. That is so scary to say out loud. :(
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+10
votes
answered
May 20, 2020
by
prier10
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2.4k
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One week per month
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+12
votes
answered
May 20, 2020
by
seagoing5
(
2.1k
points)
Hey so can I ask peeps, if willing to include what part of the country you're in?!
commented
May 20, 2020
by
katerinekates
(
11.5k
points)
@
seagoing5
good idea. I edited mine to include location
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+16
votes
answered
May 20, 2020
by
highwayman64
(
2.8k
points)
8-15% depending on my husband’s sales quota attainment. Mortgage in NJ, 15 miles from NYC
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+2
votes
answered
May 20, 2020
by
pseudohemophilia6
(
300
points)
We’re at 13% in the mountains of NW Georgia, a half hour from downtown Chattanooga TN.
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+3
votes
answered
May 20, 2020
by
ihs6847
(
5.1k
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4%, no mortgage, just taxes and insurance. Near Nashville.
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+14
votes
answered
May 20, 2020
by
capri
(
7.6k
points)
About 6%. Not because of a high income, but because i own my home. The 3% covers the huge tax bill, utilities and insurance. Austin, TX
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+14
votes
answered
May 20, 2020
by
rede425
(
4k
points)
25% of net. 15 year fixed. Johnson County Kansas
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+14
votes
answered
May 20, 2020
by
lacielacing
(
2.7k
points)
That’s going to be a more complex question soon as I am getting quotes on solar systems that will cover a portion of my future vehicles power as well, but mortgage is currently 11. 5% and utilities bring it up to about 14%.
commented
May 20, 2020
by
ineluctable
(
2.1k
points)
@
lacielacing
I want some of that
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+22
votes
answered
May 20, 2020
by
porcia6
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3.4k
points)
We rent and it comes out to 15% (not including utilities).
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+22
votes
answered
May 20, 2020
by
celsacelsius
(
780
points)
My rent is between 16-19% of my monthly income as my income fluctuates. Charlotte NC area.
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+22
votes
answered
May 20, 2020
by
hesiod
(
680
points)
P&I + Real Estate Taxes + HOA Fees + HO Ins equate to ~8-10% of our net (our annual incentives are variable) - we live Boston
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+5
votes
answered
May 20, 2020
by
phreno305
(
1.2k
points)
12. 5% for rent in Santa Rosa, CA
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+12
votes
answered
May 21, 2020
by
lindane89359
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2.6k
points)
Mortgage is 8% of our net monthly income. Minneapolis MN
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+14
votes
answered
May 21, 2020
by
albrecht
(
3.9k
points)
Our mortgage is 12. 5% of our monthly income.
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